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TransDigm: Fiscal 1Q Earnings Snapshot

CLEVELAND (AP) _ TransDigm Group Inc. (TDG) on Tuesday reported fiscal first-quarter net income of $171.7 million.

The Cleveland-based company said it had net income of $3.05 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $3.85 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.35 per share.

The aircraft components maker posted revenue of $993.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $947.5 million.

TransDigm expects full-year earnings to be $16.76 per share.

TransDigm shares have risen 18 percent since the beginning of the year. The stock has risen 31 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDG at https://www.zacks.com/ap/TDG